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Hungary - Mixtures Of Odoriferous Substances And Their Preparations - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Odoriferous Substance Mixture Market Overview 2021

Odoriferous Substance Mixture Market Size in Hungary

The Hungarian odoriferous substance mixture market shrank significantly to $X in 2020, falling by -X% against the previous year. Overall, consumption showed a deep reduction. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Odoriferous Substance Mixture Production in Hungary

In value terms, odoriferous substance mixture production rose markedly to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Odoriferous substance mixture production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Hungary

After three years of decline, shipments abroad of mixtures of odoriferous substances and their preparations increased by X% to X tonnes in 2020. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, odoriferous substance mixture exports skyrocketed to $X in 2020. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tonnes), Germany (X tonnes) and Russia (X tonnes) were the main destinations of odoriferous substance mixture exports from Hungary, with a combined X% share of total exports. These countries were followed by Poland, the Netherlands, France, Italy, Spain, Turkey, Belgium, Ukraine, Senegal and Greece, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Russia ($X) appeared to be the largest markets for odoriferous substance mixture exported from Hungary worldwide, together accounting for X% of total exports. The Netherlands, France, Poland, Spain, Italy, Belgium, Turkey, Senegal, Ukraine and Greece lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average odoriferous substance mixture export price amounted to $X per tonne, rising by X% against the previous year. In general, export price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, odoriferous substance mixture export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The export price peaked in 2020 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Senegal, while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Hungary

In 2020, approx. X tonnes of mixtures of odoriferous substances and their preparations were imported into Hungary; increasing by X% on 2019 figures. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in years to come.

In value terms, odoriferous substance mixture imports expanded rapidly to $X in 2020. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest supplier of odoriferous substance mixture to Hungary, with a X% share of total imports. Moreover, odoriferous substance mixture imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tonnes), twofold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the Netherlands (+X% per year).

In value terms, the largest odoriferous substance mixture suppliers to Hungary were Germany ($X), Ireland ($X) and France ($X), together comprising X% of total imports. These countries were followed by the Netherlands, the UK, Austria and Slovenia, which together accounted for a further X Netherlands saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average odoriferous substance mixture import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Ireland ($X per tonne), while the price for Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixtures of odoriferous substances and their preparations in the world?
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The countries with the highest volumes of odoriferous substance mixture consumption in 2020 were China (671K tonnes), the U.S. (460K tonnes) and India (263K tonnes), with a combined 41% share of global consumption. The UK, Brazil, Indonesia, Germany, Ireland, Japan, Mexico, Italy, Belgium and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.
What are the largest producers of mixtures of odoriferous substances and their preparations in the world?
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The countries with the highest volumes of odoriferous substance mixture production in 2020 were China (690K tonnes), the U.S. (368K tonnes) and India (284K tonnes), with a combined 43% share of global production. Ireland, Germany, Brazil, Indonesia, Singapore, the UK, France, Switzerland, Spain and Belgium lagged somewhat behind, together accounting for a further 38%.
What are the leading suppliers of mixtures of odoriferous substances and their preparations to Hungary?
+
In value terms, Germany ($77M), Ireland ($52M) and France ($32M) were the largest odoriferous substance mixture suppliers to Hungary, with a combined 75% share of total imports. These countries were followed by the Netherlands, the UK, Austria and Slovenia, which together accounted for a further 17%.
What are the leading importers of mixtures of odoriferous substances and their preparations from Hungary?
+
In value terms, the largest markets for odoriferous substance mixture exported from Hungary were Germany ($24M), the UK ($22M) and Russia ($16M), with a combined 34% share of total exports. These countries were followed by the Netherlands, France, Poland, Spain, Italy, Belgium, Turkey, Senegal, Ukraine and Greece, which together accounted for a further 41%.
What is the average export price for mixtures of odoriferous substances and their preparations in Hungary?
+
The average odoriferous substance mixture export price stood at $7,987 per tonne in 2020, picking up by 6.1% against the previous year.
What is the average import price for mixtures of odoriferous substances and their preparations in Hungary?
+
In 2020, the average odoriferous substance mixture import price amounted to $13,654 per tonne, with a decrease of -9.3% against the previous year.

Product coverage:
• Prodcom 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
• Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)

This report provides an in-depth analysis of the odoriferous substance mixture market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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